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US Dollar Index technical analysis: DXY is under heavy pressure near 96.00

2019-06-25 03:55

  • The US Dollar Index (DXY) broke below key technical levels.

  • Bears are in charge as they can reach 95.74 and 95.17 targets.



 



DXY daily chart



 



The US Dollar Index (DXY) broke below 96.46 key support and the 200-day simple moving average (DSMA) suggesting that the bear are taking control.





 



DXY 4-hour chart



 



DXY is under pressure below its main SMAs suggesting bearish momentum in the near term. Bears can get to 95.74 and 95.17 on the way down. Resistance is seen at 96.46 and 69.74. .





 



Additional key levels





 


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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